Finance Minister Choi Sang-mok has expressed the need to eliminate a financial investment income tax and reassess various tax policies related to stock trading to reduce market uncertainty and stimulate stock market growth. The investment income tax, scheduled to be implemented next year, would impose a 20 percent tax on capital gains exceeding 50 million won and a 25 percent tax on earnings surpassing 300 million won from stock investments. Choi stressed the need to thoroughly review and potentially overhaul stock market tax schemes, while abandoning the implementation of the investment tax. President Yoon Suk Yeol has pledged to abolish the tax in order to eliminate the "Korea discount" and increase the valuation of South Korean companies compared to global peers. Moreover, the government also aims to submit a proposal to the National Assembly for revising the inheritance taxation system in the first half of next year. The proposed model seeks to scrap the current estate tax and instead levy taxes based on the inheritance value received by beneficiaries, with plans to reduce the highest tax rate from 50 percent to 40 percent for inheritance exceeding 1 billion won. Despite concerns over weak domestic demand and the impact of high interest rates and prices on household income, Minister Choi indicated potential improvements in the third quarter if corporate profits continue to rise. In summary, Minister Choi emphasized the necessity of scrapping the investment income tax and thoroughly reviewing stock market tax policies to alleviate market instability and boost stock market performance. This aligns with President Yoon Suk Yeol's commitment to eliminating the tax to rectify the "Korea discount." Furthermore, the government plans to present a proposal to revise the inheritance tax system to the National Assembly in the near future, aiming to transition to a model based on inheritance value and reduce the highest tax rate for large inheritances. Despite existing economic challenges, Minister Choi remains cautiously optimistic about potential improvements in the third quarter.